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20121129
20121207
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businesses. >> reporter: president obama asked business leaders this morning to support his plan to prevent a fiscal crisis. >> let's allow higher rights to go up for the top 2%, that includes all of you, yes, but not in any way that's going to affect your spending, your lifestyles. >> reporter: if no deal is reached between democrats and republicans before the end of the year, taxes will go up for everyone and automatic spending cuts will kick in. the president wants bush-era tax breaks to expire for households making $250,000 or more. republicans are adamantly opposed to that. >> closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. >> reporter: republicans are also pressing their case with the public. house gop leaders invited small business owners to capitol hill for a meeting. republicans argue that tax increases will cripple small businesses. and max olson agrees. olson opened his insurance agency this year. he says the uncertainty over a looming tax hike is holding up his plans to hire more employees. >> right now, i'm prese
Search Results 0 to 0 of about 1